Corridor CAD → MXN · Canadian dollar to Mexican peso
What does it cost to send Canadian dollars to Mexico?
On 15 October 2026, the most a recipient in Mexico got for 1,000 CAD was 12,917.45 MXN via Western Union: a true cost of 8.21 CAD (0.82%) including fee and rate markup. The last of 10 quotes cost 6.31%.
Transfer cost receipt · CAD → MXN
Most to the recipient: Western Union transfer service
- You send
- 1,000.00 CAD
- Upfront fee
- 0.00 CAD
- Amount converted
- 1,000.00 CAD
- Rate given
- 12.9174
- Mid-market when quoted
- 13.0244
- Exchange-rate markup inside the rate
- 8.21 CAD 0.82%
- True total cost
- 8.21 CAD 0.82%
- Recipient gets
- 12,917.45 MXN
Picking the last quote in this ledger (PayPal) instead would leave the recipient 714.28 MXN short.
Snapshot indicative quotes retrieved 15 Oct 2026, 14:56 UTC. Quote collected 15 Oct 2026, 14:28 UTC. Source: Wise public comparison data.
Plain link to the provider's official site. No commission.
Every quote for 1,000 CAD → MXN
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Western Unionservice | 0.00 CAD | 0.82% | 8.21 CAD | 0.82% | 12,917.45 MXN | best |
| 2. Instaremservice | 0.00 CAD | 0.90% | 8.97 CAD | 0.90% | 12,907.58 MXN | −9.87 MXN |
| 3. Wiseservice | 8.55 CAD | 0.00% | 8.55 CAD | 0.85% | 12,890.54 MXN | −26.91 MXN |
| 4. Remitlyservice | 1.99 CAD | 0.91% | 11.06 CAD | 1.11% | 12,880.32 MXN | −37.13 MXN |
| 5. Xoomservice | 0.00 CAD | 2.63% | 26.27 CAD | 2.63% | 12,682.20 MXN | −235.25 MXN |
| 6. Royal Bank of Canadabank | 0.00 CAD | 2.77% | 27.72 CAD | 2.77% | 12,663.31 MXN | −254.14 MXN |
| 7. BMObank 2d old | 0.00 CAD | 3.61% | 36.07 CAD | 3.61% | 12,554.66 MXN | −362.79 MXN |
| 8. OFXservice | 15.00 CAD | 2.21% | 36.77 CAD | 3.68% | 12,545.43 MXN | −372.02 MXN |
| 9. TD Bankbank | 0.00 CAD | 4.29% | 42.93 CAD | 4.29% | 12,465.31 MXN | −452.14 MXN |
| 10. PayPalservice | 4.99 CAD | 5.84% | 63.05 CAD | 6.31% | 12,203.17 MXN | −714.28 MXN |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 CAD | Instarem | 0.90% | 8.18% | 2,581.52 MXN | 189.85 MXN | 10 |
| 1,000 CAD | Western Union | 0.82% | 6.31% | 12,917.45 MXN | 714.28 MXN | 10 |
| 5,000 CAD | Western Union | 0.82% | 5.93% | 64,587.24 MXN | 3,326.60 MXN | 7 |
What the CAD → MXN numbers show
- The provider that delivers the most changes with the amount: Instarem at 200.00 CAD, Western Union at 1,000.00 CAD, Western Union at 5,000.00 CAD. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 CAD, true cost ranged from 0.90% (Instarem) to 8.18% (PayPal); the recipient would get 189.85 MXN less with the last quote than with the first.
- Banks listed for this corridor averaged 3.56% in true cost at 1,000.00 CAD, against 2.33% for non-bank transfer services; on average 100% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 6 of 10 quotes at 1,000.00 CAD charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for CAD/MXN on 15 October 2026 was 13.0377. The mid-market rate implied by the top quote at its collection time was 13.0244, a difference of −0.10%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 CAD → MXN
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Instaremservice | 0.00 CAD | 0.90% | 1.79 CAD | 0.90% | 2,581.52 MXN | best |
| 2. Western Unionservice | 1.99 CAD | 0.82% | 3.62 CAD | 1.81% | 2,557.78 MXN | −23.74 MXN |
| 3. Wiseservice | 3.32 CAD | 0.00% | 3.32 CAD | 1.66% | 2,556.70 MXN | −24.82 MXN |
| 4. Remitlyservice | 1.99 CAD | 1.06% | 4.09 CAD | 2.05% | 2,551.57 MXN | −29.95 MXN |
| 5. Royal Bank of Canadabank | 0.00 CAD | 2.77% | 5.54 CAD | 2.77% | 2,532.66 MXN | −48.86 MXN |
| 6. Xoomservice | 0.00 CAD | 2.88% | 5.76 CAD | 2.88% | 2,529.84 MXN | −51.68 MXN |
| 7. BMObank 2d old | 0.00 CAD | 3.61% | 7.21 CAD | 3.61% | 2,510.93 MXN | −70.59 MXN |
| 8. WorldRemitservice 2d old | 2.99 CAD | 2.17% | 7.27 CAD | 3.64% | 2,510.19 MXN | −71.33 MXN |
| 9. TD Bankbank | 0.00 CAD | 4.29% | 8.59 CAD | 4.29% | 2,493.06 MXN | −88.46 MXN |
| 10. PayPalservice | 4.99 CAD | 5.84% | 16.37 CAD | 8.18% | 2,391.67 MXN | −189.85 MXN |
Every quote for 5,000 CAD → MXN
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Western Unionservice | 0.00 CAD | 0.82% | 41.06 CAD | 0.82% | 64,587.24 MXN | best |
| 2. Wiseservice | 34.78 CAD | 0.00% | 34.78 CAD | 0.70% | 64,544.38 MXN | −42.86 MXN |
| 3. Remitlyservice | 1.99 CAD | 0.91% | 47.42 CAD | 0.95% | 64,504.34 MXN | −82.90 MXN |
| 4. OFXservice | 15.00 CAD | 2.21% | 125.20 CAD | 2.50% | 63,491.36 MXN | −1,095.88 MXN |
| 5. Xoomservice | 0.00 CAD | 2.63% | 131.37 CAD | 2.63% | 63,411.01 MXN | −1,176.23 MXN |
| 6. TD Bankbank | 0.00 CAD | 4.29% | 214.63 CAD | 4.29% | 62,326.53 MXN | −2,260.71 MXN |
| 7. PayPalservice | 4.99 CAD | 5.84% | 296.47 CAD | 5.93% | 61,260.64 MXN | −3,326.60 MXN |
What to check before paying out in Mexico
Bank deposits in Mexico normally arrive through SPEI, the Bank of Mexico’s real-time interbank system, and need the recipient’s 18-digit CLABE account number. Cash pickup is widely offered but is a different product with its own pricing. Source: Banco de México: SPEI.
Read next
- What is the cheapest way to send money to Mexico?
- What do banks really charge for an international transfer?
- How do exchange-rate markups work, and how big are they?
- What is the mid-market rate and where can you check it?
- Check the hidden markup on a rate you were offered
- How RateRunner calculates true cost
Questions people ask
- Which provider gave the most for 1,000 CAD sent to Mexico?
- Western Union, with 12,917.45 MXN delivered, in the snapshot retrieved 15 Oct 2026, 14:56 UTC. Its upfront fee was 0.00 CAD and its rate markup 0.82%.
- How much of the cost of sending CAD to MXN is hidden in the exchange rate?
- For the 10 quotes on 1,000 CAD, rate markups ranged from 0.00% to 5.84% of the amount converted. 6 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these CAD to MXN quotes?
- RateRunner retrieved them on 15 Oct 2026, 14:56 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 15 Oct 2026, 14:56 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (15 October 2026).
- Raw data for this page: cad-to-mxn.json